President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'Realogy'

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A group of real estate, financial services, and home services companies are joining together to help bring artificial intelligence to real estate and beyond. Austin, Texas-based OJO Labs announced on Friday that it raised $20.5 million in its Series B funding round. Taking part were Realogy, Royal Bank of Canada, Northwestern Mutual Future Ventures and ServiceMaster.

Notarize, a digital platform that allows for legal, online document notarization, announced this week that it raised $20 million in its Series B round of funding. The capital raise nearly doubles the amount of money the company has raised so far. But what’s more interesting than Notarize raising $20 million is where the money is coming from.

Last year, Guaranteed Rate and Realogy partnered to form a joint venture that markets Guaranteed Rate mortgages across the Realogy real estate network. As part of its growth plan, Guaranteed Rate Affinity announced this week that it hired Scott Brady to oversee the company’s central region, which includes Illinois and Missouri.

"Dave Gordon brings a strong business background with substantial expertise transforming and building leading-edge technology organizations, building digital products and recruiting great talent,” Realogy CEO and President Ryan Schneider said.

Wall Street predicts more of 2017 deregulation in 2018. Who in housing finance is likely to get burned by the sale of The Weinstein Company? Also, upper level changes at Realogy and throughout its subsidiaries.

Realogy Holdings Corp. named Ryan Schneider as CEO, effective Dec. 31, 2017, in light of the retirement of Realogy's current chairman and CEO, Richard Smith. Smith worked with the board to select Schneider and is slated to retire at the end of the year after 21 years of leadership with the company.

Century 21 Real Estate has a new leader. The company announced Wednesday that it named Nick Bailey, a former executive at the Zillow Group, as the company’s new president and chief executive officer. Bailey joins Century 21 from Zillow, where he most recently served as vice president of broker relations.

Realogy Holdings named a new leader over its Realogy Franchise Group, which includes prominent brands such as Better Homes and Gardens Real Estate, Century 21 and Coldwell Banker. The company welcomes a familiar face to the position, promoting John Peyton, its current president and COO, to CEO of RFG, effective April 1, 2017.

In a giant change of hands for the mortgage industry, Realogy Holdings and Guaranteed Rate announced on Wednesday a new joint venture, Guaranteed Rate Affinity, which is expected to begin doing business in June 2017. But as Guaranteed Rate moves in to work with Realogy, PHH announced it is exiting its existing joint venture with Realogy.

The latest business venture from Realogy Holdings falls in line with a growing focus of technology in the mortgage market. The real estate company announced that ZapLabs is its new innovation and technology hub. Moving forward, Richard Smith, Realogy's chairman, CEO and president, foresees ZapLabs more broadly focusing its creative energy on the application of emerging technologies.

This month inHousingWire magazine

He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.

Feature

One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.

Commentary

Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.